Hello there, welcome to newcastle, on the Dayjeremy Hunt delivered his budget, in what is almost certainly, a general election year. Were on the citys Iconic Quayside Overlooking the magnificent river tyne, an area steeped in industrial history, and weve been gauging reaction, to the chancellors plans. Among todays annoucements, the government is to cut National Insurance, by 2p in the pound for employees and the Self Employed. Full Child Benefits will be paid to households, where the highest earning parent, is getting up to £60,000. The current limit is £50,000. And, the non dom tax regime, for uk residents whose permanent home is overseas, is to be replaced with new rules, from april next year. Well, the office for budget responsibility, says the average tax payer, is going to pay more in the coming years. It predicts 37 pence of every pound will go in tax by 2029, which would be the highest level since 1948. While the government says public spending on some services will rise by 1
But we know we can make things work better. That is the way well open ultimately get the rising Living Standards we all want to see. You talk about wanting to get that revenue in and increase spending on Public Services, but your u turn, if we can call it that, or this this moment of that green Prosperity Plan just sort of indicates the challenges that all Political Parties face at the moment. Many things like the green Prosperity Plan just cant be costed at the moment. ,. , moment. After the disaster of the liz truss minibudget moment. After the disaster of the liz truss minibudget and moment. After the disaster of the liz truss minibudget and the moment. After the disaster of the j liz truss minibudget and the rise Liz Truss Mini Budget and the rise in Interest Rates, we had to change some of those plans. But our plan remains a fundamental part of our offer. Its our National Fund and four gigabytes energy to work on the front tier, new technologies in the future. Gb gb engery. Any b